Mba704 exam 1 - Study guides, Class notes & Summaries

MBA704 Exam 1 Exam Questions Correct Answers Current Update (A+ Pass) What are three challenges facing management? - Answers - o View employees as assets rather than costs o Make employees feel valued o Recognize and appreciate the importance of human resources Not only recognize and appreciate the importance of human resources but also use recent history as a catalyst for change in the understanding and management of human resources - Answers - Paradigm shift What are the three manag...

MBA704 Exam 2 Questions with All Correct Answers What are the key attributes of virtual organization - Answer- 1. Technology—informational networks to increase connections 2. Opportunism—less permanent, less formal partnerships 3. No borders—more cooperation among competitors & suppliers 4. Trust—more dependence on other companies 5. Excellence--core competency from all leading to best overall company Shared norms and values that guide employee behavior - Answer- organizatio...

MBA704 Exam 2 Questions Correct Answers (Verified Pass) 1. Formal organization—system of coordinated activities of 2 or more 2. Believed that authority should come from the bottom up 3. Put emphasis on importance of human element in organization - Answers - chester barnard (organization theory - historical and modern theoretical foundations) System made up of interacting parts from external environment - Answers - open-systems (organization theory - historical and modern theoretical ...